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Yield Enhancement

Swiss Life: growing earnings

Wednesday, 16 November 2022 Reading time : 2 minutes

Swiss Life reports rising commission income
The figures presented by the life insurer last week showed that the expansion of commission-based business has paid off so far. Since the beginning of the year, Swiss Life has increased income from this business area by 13%. Thanks to the robust economic situation in Switzerland and the stable demand for real estate, Swiss Life has also been able to record appreciation gains on its properties - an important asset class for the company.

The share's dividend yield is likely to exceed 5%, depending on the share's performance. This makes it one of the highest among SMI members.

Thanks to stable core business, rising commission income and good investment business, among other things, ZKB Equity Research rates the share as "overperform".

Subscription deadline: November 18, 4:00 p.m.


Reverse Convertible on Swiss Life

  • 12.4% coupon p.a. (5% total coupon)
  • Redemption on April 20, 2023
  • 100% strike
  • Termsheet


Barrier Reverse Convertible on Swiss Life

  • 6.667% Coupon p.a. (10% total Coupon)
  • 71% barrier
  • 18 months term
  • Termsheet

Other products with insurance shares as underlyings

BRC on Zurich, Swiss Life, Swiss Re and Helvetia

  • 8% coupon p.a.
  • 60% barrier
  • 18 months term
  • Subscription deadline November 21, 4:00 p.m.
  • Termsheet


BRC on Zurich, Allianz and AXA (CHF)

  • 8% coupon p.a.
  • 65% barrier
  • 12 months term
  • Subscription deadline November 18, 4:00 p.m.
  • Termsheet

Selected Yield Enhancement Products with SMI Baskets 

Callable BRC on Nestlé, Novartis, Roche, Zurich and Richemont

  • 9% coupon p.a.
  • 49% barrier
  • 18 months term
  • Subscription deadline November 18, 4:00 p.m.
  • Termsheet


BRC on Lonza, Holcim and Nestlé

  • 9% coupon p.a.
  • 59% barrier
  • 18 months term
  • Subscription deadline November 18, 4:00 p.m.
  • Termsheet


BRC on Sika, Zurich and Logitech

  • 12.75% coupon p.a.
  • 65% barrier
  • 12 months term
  • Subscription deadline November 18, 4:00 p.m.
  • Termsheet


BRC on Sika, UBS and ABB

  • 9.5% coupon p.a.
  • 60% barrier
  • 12 months term
  • Subscription deadline November 21, 2022, 4:00 p.m.
  • Termsheet

indicative Data
 

Disclaimer
This communication is for marketing purposes. It is neither an offer nor an invitation to submit an offer, to purchase or to subscribe to securities and does not constitute investment advice. You should consult your advisors before making an investment decision.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, financial condition, development or performance of the issuer to be materially different from any future results, financial condition, development or performance expressed or implied by such statements.
The present document has not been drawn up by the research department as defined in the rules of the “Directives on the Independence of Financial Research” published by the Swiss Bankers Association, hence these rules do not apply to this document.
If securities are mentioned in the communication, the base prospectus, the final terms and any key information document may be obtained free of charge from Zürcher Kantonalbank, Bahnhofstrasse 9, 8001 Zurich, VRIS, and from www.zkb.ch/finanzinformationen. 


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